Recently Santos planted a new crop of coffee plants on a plot of land. She expects excellent results from it at the end of the season, as well as from her older plants, which are currently blooming.
That is why she is again today requesting support through a second loan, which she will again use to buy farming supplies to help her care for her 5,000 new coffee plants as well as the older ones. This will allow her to avoid them getting infected with coffee rust, which would lay all the work she has done so far to waste. She is hopeful that she will get this new loan.
More information about this loan
These loans are designed for female farmers who produce a variety of products (onion, garlic, eggplant, spinach, mango, strawberries, etc.). Loan terms will vary depending on need, and borrowers can choose to make a "bullet" payment timed with harvest profits. Agricultural loans are considered risky in Honduras due to external forces like unpredictable weather and worldwide crop prices. As a result, many traditional financial institutions are unwilling to offer these loans. With Kiva funding, COMIXMUL will be able to reach more borrowers with agricultural loans tailored to their needs.
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This loan has been fully funded!